Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence
NBER Working Paper No. 25004
---- Acknowledgments ----
Lopez is Vice President, Financial Institutions Supervision, Federal Reserve Bank of San Francisco (firstname.lastname@example.org); Rose is B.T. Rocca Jr. Professor, Haas School of Business, University of California, Berkeley, ABFER senior fellow, CEPR research fellow, and NBER research associate (email@example.com); Spiegel is Vice President, Economic Research, Federal Reserve Bank of San Francisco (mark.spiegel@SF.frb.org). Rebecca Regan and Ben Shapiro provided research assistance. For comments, we thank Joshua Aizenman, Arindam Banik, Stijn Claessens, Leonardo Gambacorta, Bob McCauley, Frank Packer, Yuri Sasaki, Hyun Song Shin, Yosuke Takeda, and seminar participants at the BIS and USC. The views expressed below do not necessarily represent those of the Federal Reserve Bank of San Francisco, the Board of Governors of the Federal Reserve System, or the National Bureau of Economic Research.